Kemira and Wilmar terminate AKD joint venture agreement

6:47 AM MDT | August 27, 2014 | Natasha Alperowicz

Kemira and Wilmar International (Singapore) today said that they have decided to terminate their joint venture agreement to produce alkyl ketene dimer (AKD) wax in China. The companies announced on 1 November 2013 that their subsidiaries had agreed to form this 50-50 jv. “Kemira and Wilmar have now mutually agreed to terminate the [jv agreement] because of changes to their commercial objectives,” the companies...